Martin University, a private predominantly Black institution in Indianapolis, said it will “pause operations” at the end of the semester amid severe financial and enrollment challenges. Trustees cited the lack of an endowment, a multi-year enrollment decline and a 2022 cyberattack that corrupted records. Board Chair Joseph Perkins said trustees are developing a path to viability but did not set a timeline for resuming classes. Enrollment fell to 223 students in fall 2023 and the university’s recent audits raised “substantial doubt” about continued operations. State funding that had supported the institution in prior biennia did not materialize this cycle. The pause raises questions about teach-out arrangements for students, transcript access, and the future of programs that serve regional workforce needs. Higher-education policymakers and state agencies will likely coordinate on student protections and potential institutional restructuring or partnerships.